"He also submitted that the receivers [of Bridgecorp] should be held to account for failing to realise more from the assets of the company. He attempted once again to deflect blame onto investors for failing to take prudent advice before investing," the decision said.

"The attempt to shift blame onto the investors is entirely misplaced and demonstrates that Mr Roest continues to regard himself as an innocent party...Mr Roest has not accepted responsibility for his offending," the judges said.

In a separate Serious Fraud Office case, Roest had another three months added to his six-and-a-half year jail term last year for his role in the $3.5 million fraudulent acquisition and financing of a luxury launch.